AHMEDABAD: India registered a growth rate of 7.4% in new investors during the first five months of the current financial year, with approximately 63 lakh new investors.
Ahmedabad and Surat stood out, ranking 4th and 5th, on the list of the top 10 districts with the most new investors in August. Ahmedabad welcomed 19,600 new investors, while Surat saw an addition of 19,400 in August alone, according to National Stock Exchange (NSE) data. This growth in retail participation has significantly increased cash market investments, which reached Rs 11 trillion, a level last observed in 2021, suggests data.
A report by NSE Ltd indicated a positive trend in new investor registration. “August saw a 5.9% increase in new registrations, reaching a 19-month high of 16 lakh. Uttar Pradesh led the way with a 9% month-on-month increase to 2.38 lakh new investors, accounting for 14.9% of new registrations. Maharashtra maintained its second position, with a share of 13.6% and a 5% month-on-month rise to 2.16 lakh new investors in August,” it stated.
Delhi, Mumbai, Pune, and Bengaluru were the top four districts with Ahmedabad and Surat following closely.
Gunjan Choksi, director of a stockbroking firm, said, “Gujarat and India are seeing an increase in the addition of new investors after Covid. The addition was slow in the last financial year. The surge in new investors is due to the strong performance of IPOs, and market optimism.
“Gujarat has always led in terms of equity investments. The new data also suggest that leading cities of Gujarat are seeing young investors joining the market.”
Ahmedabad and Surat stood out, ranking 4th and 5th, on the list of the top 10 districts with the most new investors in August. Ahmedabad welcomed 19,600 new investors, while Surat saw an addition of 19,400 in August alone, according to National Stock Exchange (NSE) data. This growth in retail participation has significantly increased cash market investments, which reached Rs 11 trillion, a level last observed in 2021, suggests data.
A report by NSE Ltd indicated a positive trend in new investor registration. “August saw a 5.9% increase in new registrations, reaching a 19-month high of 16 lakh. Uttar Pradesh led the way with a 9% month-on-month increase to 2.38 lakh new investors, accounting for 14.9% of new registrations. Maharashtra maintained its second position, with a share of 13.6% and a 5% month-on-month rise to 2.16 lakh new investors in August,” it stated.
Delhi, Mumbai, Pune, and Bengaluru were the top four districts with Ahmedabad and Surat following closely.
Gunjan Choksi, director of a stockbroking firm, said, “Gujarat and India are seeing an increase in the addition of new investors after Covid. The addition was slow in the last financial year. The surge in new investors is due to the strong performance of IPOs, and market optimism.
“Gujarat has always led in terms of equity investments. The new data also suggest that leading cities of Gujarat are seeing young investors joining the market.”